BASF pretax profit fell 50% in quarter

Article Abstract:

BASF AG posted a decline of 50% in its pretax profits for the second-quarter of 1999. However, chief executive officer Juergen Strube predicted that the company would escape from its present downward spiral. BASF posted 380 million euros in pretax profits for the period. During the same period in 1998, the company posted 765 million euros. Mr. Strube said that BASF would take advantage of opportunities in the chemical industry.

Comment:

Posts decline of 50% in pretax profits for second-quarter of 1999

Abstract

Operating profit declines by 17% at BASF

Article Abstract:

BASF AG's second-quarter results were not as high as expected. Profit plummeted 17% to Euro751 million from a year ago. The Germany company posted a less optimistic mid-term outlook.

Clariant's revenue falls on slowdown

Article Abstract:

Clariant AG posted a drop of 4% in its 2001 nine-month sales to 7.59 billion Swiss francs. The company also posted a 9.5% drop in sales for the third-quarter period.

Switzerland, Clariant AG, Sales